Several other analysts have also weighed in on ATD. National Bank Financial upgraded shares of Alimentation Couche-Tard from a sector perform market weight rating to an outperform market weight rating in a research note on Wednesday, August 31st. Scotiabank upped their price objective on shares of Alimentation Couche-Tard from C$66.00 to C$68.50 in a report on Wednesday, November 16th. Stifel Nicolaus upped their price objective on shares of Alimentation Couche-Tard from C$65.00 to C$70.00 in a report on Monday, November 14th. CIBC upped their price objective on shares of Alimentation Couche-Tard from C$69.00 to C$75.00 and gave the stock an outperform rating in a report on Thursday, September 1st. Finally, BMO Capital Markets upped their price objective on shares of Alimentation Couche-Tard from C$65.00 to C$70.00 in a report on Thursday, August 18th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and an average price target of C$67.96.
Alimentation Couche-Tard Trading Up 0.1 %
TSE ATD opened at C$60.15 on Tuesday. The company’s fifty day simple moving average is C$59.00 and its 200-day simple moving average is C$57.02. Alimentation Couche-Tard has a 52 week low of C$45.23 and a 52 week high of C$63.48. The company has a current ratio of 1.26, a quick ratio of 0.81 and a debt-to-equity ratio of 75.37. The stock has a market cap of C$61.48 billion and a P/E ratio of 16.80.
Alimentation Couche-Tard Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.14 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.56 dividend on an annualized basis and a yield of 0.93%. This is an increase from Alimentation Couche-Tard’s previous quarterly dividend of $0.11. Alimentation Couche-Tard’s dividend payout ratio is currently 9.30%.
About Alimentation Couche-Tard
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.
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